RSF HSBC BD (IFC-40874)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 2, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
RSF HSBC Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 29, 2019

Disclosed by Bank Feb 27, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The proposed transaction entails providing unfunded risk sharing facility (RSF) to HSBC Bangladesh (the ‘Bank’) on a portfolio basis. The underlying portfolio will comprise of asset totaling US$200 million equivalent, which IFC will risk share on a 50:50 basis (i.e. maximum IFC exposure not to exceed US$100 million equivalent). The RSF will support the Bank to extend additional finance to its existing clients in sectors which have significant impact on the growth of Bangladesh economy and are also of strategic importance and relevance to IFC, namely Agribusiness, Power, Climate/Clean energy, RMG (Ready Made Garment) and Pharmaceuticals.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

HSBC is incorporated in Hong Kong and its ultimate holding company HSBC Holdings PLC is incorporated in London. HSBC is one of the world's largest banking and financial services organizations. Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by more than 204,000 shareholders in 133 countries and territories.

Contact Information

HSBC Bangladesh
Level 12, Shanta Western Tower,
186 Bir Uttam Mir Shawkat Ali Road,
Tejgaon I/A, Dhaka-1208, Bangladesh

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/